DAXEUR

The European indices were positive the other day. The German Dax Index, on the other hand, decoupled negatively from other European indices, albeit with a limited 0.02% loss of value. While the European region will be calm in terms of the economic calendar today, the US PPI data can be followed for the course of the stock markets. When we examine the short-term chart of the DAXEUR index technically, we are following the 18000 - 18100 region with support from the 20-period exponential moving average. As long as the index moves above the relevant region, positive expectations are at the forefront. In increases, increases towards 18200 and then 18300 may be seen. In the alternative scenario, in case of possible suppression around the 18200 resistance, it is expected that the declines will accelerate with the index falling below the 18000 level for negative expectations. In this case, declines towards 17700 level with support from the 89-period average can be followed in the downward direction. Support: 17900 – 17800 Resistance: 18000 – 18100